Roaring Twenties and the Great Depression Essay
Roaring Twenties and the Great Depression
During the Great Depression people suffered from lack of work, food and hope for the country and survival. America was ready for change and an end to the depression. President Franklin D. Roosevelt‘s New Deal programs would help the economic recovery. The New Deal dramatically increased the role of the government in American life and strengthened the power of the government. The “Three R’s” of the New Deal which are Relief, Recovery, and Reform. Many of the long lasting effects of the United States economy have brought economic stability to the country.
The programs of the New Deal had the three goals of relief for people who were suffering. Examples of programs that are part of the relief is that in 1933, the Tennessee Valley Authority (TVA) federally funded and provided jobs, cheap electricity, and flood control to poor rural areas and the Public Works Administration (PWA) which provides jobs through construction projects, such as bridges, housing, hospitals, schools, and aircraft carriers. The second goal was recovery for the economy for it to grow again.
Programs that are part of the recovery program is the National Industrial Recovery Act (NRA) helped businesses to recover and the Home Owners Loan Corporation (HOLC) was created to help homeowners save their homes from foreclosures. The third goal was reform measures to avoid future depressions. In 1935 the Social Security Act is a combination of public assistance and insurance and the National Labor Relations Act (Wagner Act) guaranteed labor the right to for unions and practice collective bargaining. Many of these programs still exist today to help many people in society.
The New Deal had long lasting effects on the United States economy. The policies effects the social and ethnic groups. Native Americans were granted citizenship and tribal self-government as well as their language, customs, and religious. African Americans benefited less from the deal but later received some help and many moved from the Republican to Democratic Party. Women also did not benefit from the New Deal but more women ran for and won political office. In society and culture the Depression, the New Deal and new technology reshaped how people lived and thought. The increasing popularity in movies and radio programs, along with government supported art and writing, made the decade a productive era in American culture.
President Roosevelt took many actions to combat the depression. The New Deal legacy has a huge impact in today’s society. The New Deal institutes new programs to extend federal aid and stimulate that nation’s economy. It has brought hope and gratitude from some people for the benefits they receive. It also brought anger and criticism from those who believe that it has taken more of their money in taxes and take their freedom through increased government regulations.
Subject: Great Depression,
University/College: University of California
Type of paper: Thesis/Dissertation Chapter
Date: 25 October 2016
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